Profits Top Estimates for 11th Quarter as Analysts See Rally

American companies are beating Wall Street profit estimates for the 11th straight quarter, enough to revive a bull market that analysts say will eclipse any rally in the past 12 years.

A total of 222 out of 298 Standard & Poor’s 500 Index companies that reported results since Oct. 11 have exceeded forecasts for the third quarter, according to data compiled by Bloomberg. Price targets for companies in the index from more than 10,000 estimates suggest the S&P 500 will advance 16 percent to 1,447.93 in a year.